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Shareholder News

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Frequently Asked Questions

Is your company public? No, we are not a publicly traded company. Our shares are presently owned by 601 customers and local community members.

How is the share price determined? Because there has been no market for our common stock, the public offering price has been determined by our board of directors. Among the factors considered were our results of operations, our current financial condition, our future prospects, the state of the markets for our products and services, the experience of our management, a comparison of our operating and other factors to publicly-traded companies with similar businesses and the economics of the organics industry segment in general.

Can I trade or sell shares I already own? Shareowners who wish to buy more shares, or to sell any of their shares, may email invest@diamondorganics.com with the number of shares and desired price. We will then make that information, along with the sender's email address, available to anyone who might be a match. Both parties can then communicate with each other to conclude a sale.
We remind any California resident who may wish to sell some shares that it may be necessary to get the consent of the California Department of Corporations. We can furnish copies of the Rule and forms.

How long has Diamond Organics been in business? Since 1990, Diamond Organics has been a source for farm fresh organic produce, with guaranteed overnight home delivery nationwide.

Whose check can be used for payment? It should be either an account in the name of the person being billed for the Share Purchase or the name(s) in which the shares are to be registered. We cannot, for instance, accept a check on a corporate bank account, where the registered shareowner is to be an individual--unless there is an accompanying certified corporate resolution authorizing the use of corporate funds for that purpose.

Can I buy shares for more than one person on the same form? Yes, make a note regarding additional names in the box above.

How can I buy shares for a person who is under 18 years old? There are Uniform Gift to Minors Acts in the states. Choose "Custodian" above. In the box by "Additional Notes," tell us to register in a form like: "Jane Doe, as custodian for Baby Doe, under UGMA." The effect is that Jane Doe can sell the shares, receive any dividends and otherwise manage the investment, until Baby Doe becomes 18. Then, Jane Doe can have us change registration into Baby Doe's name. If you want some other legal arrangement, such as holding the shares until Jane Doe is older than 18, you would have to create a trust agreement, using a lawyer or a do-it-yourself guide.

How do I purchase shares in a trust? Choose "Trust" above and, in the box by "Additional Notes," put in the name something like: "Jane Doe, trustee for Baby Doe," or "Jane Doe, Trustee under Trust Agreement dated May 31, 2001." You would have to also send us a copy of the trustee's power and authority from the trust document or other record of the trustee's authority.

What is the difference between "Tenants in Common" and "Joint Tenants?" They are both ways for two or more people to have equal, undivided ownership. The difference is what happens to the shares when one of the owners dies. If they are joint tenants, the deceased's ownership automatically goes to the survivor joint tenant(s), who can send us a death certificate, and have the shares reissued into the name of the survivor(s). A tenant-in-common's ownership becomes part of the decedent's estate.

Can I purchase shares for an IRA or other retirement account? Yes, if the trust agreement permits it-- that's between you and your trustee. Many brokerage, mutual fund or bank trustees restrict investments. If your present trust agreement does not let you buy these shares then you can "roll over" or open a new account with another trustee. We can give you a list of independent trustees who will allow this investment. The check needs to be from the trustee.
To purchase shares for your retirement account, check "Trust" on the form and write in something like: "ABC Corp., trustee for Jane Doe IRA." Any advice about whether it is a good idea to use an IRA or other retirement plan for this investment should come from your tax or financial advisor.